3 ms·
Do you have a source for this? From what I've seen with infill in my area (Reston, VA, outside DC)... infill might slow the appreciation of adjacent property,
by alistairSH 2y ago
Do you have a source for this?
From what I've seen with infill in my area (Reston, VA, outside DC)... infill might slow the appreciation of adjacent property, but rarely/never hurts it. Surrounding property (>1 parcel away, give or take) generally increases in value, because along with the infill housing comes more amenities (commercial/retail redevelopment).
And for the property that was "infilled", the per unit price might be slightly lower, but the value of the entire property has gone up. Say the land cost $1 million, got split into 4 parcels, and each is now worth $275,000 (fabricated numbers).
EDIT - this isn't quite apples to apples, since we don't have the same rules as CA - we just have a massive amount of infill development happening along approved "density" corridors.